Current Mortgage Rates in Longview, Texas

Compare mortgage rates and fees for leading lenders in Longview, TX. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Longview.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Longview. Plus, shopping lenders is free and there is no obligation.

Mortgage Rates in Longview, TX as of July 2, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.


How Do Today's Longview, TX Mortgage Rates Compare?

July 2, 2020

The current average rate for a 30 year fixed rate mortgage in Longview is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Longview, TX Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Longview, Texas?

Below we provide helpful information on the real estate market, home prices and housing affordability in Longview. Understand how much you need to earn to afford a home in Longview, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Longview fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Longview is right for you.

The median home value for Longview, TX (Gregg County) is $154,797

Based on current mortgage rates and a 10% down payment, you need to make $27,859 per year to buy the median priced home in Longview

With this income, you could qualify for a $139,317 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Longview is $645

The median household income for Longview, TX (Gregg County) is $50,591

Based on this income, you can afford a home valued at approximately $281,102

The home price you can afford to buy based on household income in Longview is 182% of the median home value which means housing prices are average. Longview (Gregg County) ranks 204 out of 254 counties in Texas and 1,922 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Longview, TX is average


Loan Limits for Longview, Texas

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Longview (Gregg County) below.

Conforming loan limits for Longview, TX

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Longview, TX

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Longview, TX

1 unit: $510,400

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